Larsen Transfer $26M XRP to Coinbase Before XRP ETF Launch
Ripple co-founder Chris Larsen don waka move another $26 million worth XRP go Coinbase for July 18, e add join him 106 million XRP outflows since January. Di transfer na kwik kwik come as XRP dey rally—e don rise 32% in just few days, near to im all-time high—wey dey boost by di big tori wey dem dey yarn about XRP ETF and better klarity from U.S. GENIUS Act regulation. On-chain data still show say Larsen still get 332 million XRP, while institutional wallets don gather over 2.2 billion XRP, wey cause futures open interest reach almost $10 billion. Ripple dey do beta strategic moves—including team-up with Circle for U.S. National Trust Bank charter, Webus International plan to hold $300 million XRP treasury, plus SEC drop that one appeal—wey all them dey raise hope for XRP ETF launch. Traders suppose dey watch on-chain flows, ETF files and regulatory updates, cos ProShares XRP Futures ETF launch fit be near catalyst to make price climb more.
Bullish
Dis news dey bullish for XRP. For short term, Larsen $26M transfer before ProShares XRP Futures ETF launch dey show say one big owner dey arrange strategy and e dey boost ETF hope, wey fit make plenty people begin buy. Institutional wallets wey don dey hold over 2.2 billion XRP and futures open interest wey dey near $10 billion show say demand strong and liquidity dey grow, wey still dey push price up. Plus, clear rules from GENIUS Act and Ripple business moves (Circle charter bid, Webus treasury, SEC dropout appeal) dey give people confidence say spot XRP ETF go happen, wey go help long term institutional adoption. Overall, all dis matter dey push XRP price steady for better ground.